Torquatus : L Manlius Torquatus was consul in 65BC, the year of Horace’s birth.

However you preserved this excellent wine,Descend, and dignify this special occasion,Descend, for
Corvinus
invites you forth,For trusty Corvinus has asked for more wine.

Corvinus
: Marcus Valerius Massalla Corvinus was the patron of the poet Tibullus. He had been a student with Horace in Athens in 42BC. He later commanded part of Augustus’ fleet at Actium.

He’s not a man to pass up a drinkThough he’s steeped in
Socratic ideas not him.And it’s even recorded that
Cato
himselfUsed to glow from your influence from time to time.

Socratic
ideas : Socrates was a Greek philosopher. He demonstrated a method of careful questioning to pursue the truth, and was condemned to death by the democracy in Athens, who accused him of corrupting the youth.Cato the Censor (234-149BC) was a soldier, author and orator, whose life epitomised the ancient Roman republican virtues.
He was criticised for drunkenness, but, according to Seneca, whoever accused him
would find it easier to prove that the crime was respectable than that Cato was
thereby disgraced.

Your gentle persuasion draws out the dull,Loosens the rigid, gets secrets from thoseWho consider themselves to be wise: they let slipTheir doubts and fears with a laugh and a joke.

You bring hope to the troubled and uneasy mind And increase the horns of the poor, so they stand Before nobles and kings, and soldiers at arms, They stand without trembling or shaking of limbs.

Immortal
Liber
and, haply, Venus Will loosen the ties of desire and we, The living, will bring out the lamps until
PhoebusReturns to chase away the stars.

Liber : literally the ‘free one’, usually identified with Bacchus, the god of wine and revelry.
Venus : the goddess of love. In combination : drunkenness and lust.Phoebus : Apollo, the sun.